An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange.



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US appeals court rejects Nasdaq's diversity rules for company boards

An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange. The decision comes more than three years after the Securities and Exchange Commission approved Nasdaq’s proposal to boost the number of women, racial minorities and LGBTQ people on U.S. corporate boards. The proposed policy — which was to be the first of its kind for a U.S. securities exchange — would have required mo…

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US appeals court rejects Nasdaq's diversity rules for company boards - Seymour Tribune

Nasdaq required public companies to have at least one woman, person of color or LGBTQ member on their boards or explain why they do not.

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Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback

A US appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.

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US appeals court tosses Nasdaq board diversity rules

A federal appeals court has ruled that the Nasdaq stock exchange cannot require listed companies to comply with diversity rules for board members.

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Federal appeals court says Nasdaq, SEC diversity rules unlawful

AP Business Writer An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange. The decision comes more than three years after the Securities and Exchange Commission approved Nasdaq’s proposal to boost the number of women, racial minorities and LGBTQ people on U.S. corporate boards.

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By Reuters A US appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. The New Orleans-based 5th US Circuit Court of Appeals on a 9-8 vote sided with two conservative advocacy groups in finding that the rules approved by the US Securities and Exchange Commission ran afoul of federal securities law. Those rules …

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A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.

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Nasdaq blocked from imposing board diversity rules for companies on exchange

An appeals court in Louisiana has ruled that Nasdaq can't require diversity on the boards of companies that list on the exchange.

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A U.S. appeals court on Dec. 11 struck down a Nasdaq rule requiring companies listed on the stock exchange to have “diverse representation” on their boards, finding the Securities and Exchange Commission (SEC) acted unlawfully in approving the policy.
The rule was introduced by the SEC and Nasdaq as part of efforts to boost racial and gender diversity in corporations. They say it is a disclosure requirement that provides standardized information…

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US Appeals Court Vacates Nasdaq Board Diversity Rule

The Fifth U.S. Circuit Court of Appeals in New Orleans ruled that Nasdaq cannot require its proposed diversity policies

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Appeals Court Deals Blow To Nasdaq’s Efforts At Pushing Diversity Rules On Companies

US appeals court rejects Nasdaq's diversity rules for company boards

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